New Jersey Economic Development Authority

West Cary Group Partners with Richmond EDA to Earn Two International Economic Development Awards

Retrieved on: 
Wednesday, November 8, 2023
Diamond, Gold, International Economic Development Council, City, New Jersey Economic Development Authority, EDA, Economic development, Annual report, Marketing, Silver, Partnership, Video game, Drug, Diamond district

RICHMOND, Va., Nov. 8, 2023 /PRNewswire/ -- West Cary Group – one of the largest minority-owned advertising and technology firms in the U.S. – the City of Richmond, and the Economic Development Authority of the City of Richmond (EDA) recently won two 2023 Excellence in Economic Development Awards by the International Economic Development Council (IEDC). Together, the partners earned a silver award for the creation of the EDA's new website as well as a bronze award for the fiscal year 2022 annual report created for the City of Richmond Department of Economic Development.

Key Points: 
  • RICHMOND, Va., Nov. 8, 2023 /PRNewswire/ -- West Cary Group – one of the largest minority-owned advertising and technology firms in the U.S. – the City of Richmond, and the Economic Development Authority of the City of Richmond (EDA) recently won two 2023 Excellence in Economic Development Awards by the International Economic Development Council (IEDC).
  • The IEDC awards recognize the best economic development programs, partnerships, marketing materials, and influential leaders across the globe.
  • "We are thrilled that our collaboration with Richmond Economic Development is receiving worldwide renown," said Moses Foster, West Cary Group president and CEO.
  • "Richmond is in growth mode," continued Foster, "and West Cary Group is excited to continue to contribute to our city's evolution."

Leading Women Address "Rethinking Our Approach to Hunger" at National Food Policy Conference

Retrieved on: 
Tuesday, September 12, 2023
Food security, Food, Nutrition, Democracy, U.S. Department of Defense Strategy for Operating in Cyberspace, Consumer Federation of America, Kenosha/Racine Lead-Free Communities Partnership, New Jersey Economic Development Authority, Health equity, Woman, SNAP, Marketing, Richa, U.S. Department of Agriculture Cotton Annex, Investment, Health, MPH, Conference, Agriculture, Amazon, Tambra Raye Stevenson, Hunger

WASHINGTON, Sept. 12, 2023 /PRNewswire/ -- On September 12th, women leaders convene in Washington, D.C., to discuss "Rethinking Our Approach to Hunger," spotlighting the pressing issue of food and nutrition insecurity in the U.S. at the National Food Policy Conference during Hunger Action Month.

Key Points: 
  • WASHINGTON, Sept. 12, 2023 /PRNewswire/ -- On September 12th, women leaders convene in Washington, D.C., to discuss "Rethinking Our Approach to Hunger," spotlighting the pressing issue of food and nutrition insecurity in the U.S. at the National Food Policy Conference during Hunger Action Month.
  • An alarming 34 million Americans, including over 9 million children, grapple with food insecurity, leading to higher rates of diet-related diseases and developmental issues.
  • Thomas Gremillion of the Consumer Federation of America notes the discussion's timeliness amidst surging food prices and diminished hunger aid.
  • Rucha Gadre, Food Security Director of NJEDA highlights the economic roots of food insecurity, tying it to low wages and systemic barriers that disadvantage specific communities.

CONNEX™ New Jersey Promotional Offer Extended Courtesy Of NJMEP

Retrieved on: 
Tuesday, August 15, 2023
New Jersey Economic Development Authority, United States Department of Defense, Database, Economic development, Retail

Due to popular demand, NJMEP has deemed it necessary to allow New Jersey manufacturers more time to get access to this vital technology and has decided to extend the promotional no-cost signup period an additional 30 days!

Key Points: 
  • Due to popular demand, NJMEP has deemed it necessary to allow New Jersey manufacturers more time to get access to this vital technology and has decided to extend the promotional no-cost signup period an additional 30 days!
  • Thanks to its extraordinary popularity among ‘MADE in NJ’ manufacturers, NJMEP has extended its sponsorship and is providing manufacturers an additional 30 days to register for CONNEX™ New Jersey at no-cost for life!
  • This critical new technology is solving New Jersey’s supply chain challenges, with hundreds of New Jersey manufacturers securing their no-cost, lifetime membership within the first 60 days.
  • I commend NJMEP for their commitment to supporting manufacturers and encourage every firm to register for the National Supply Chain Registry before the August 31st deadline.”

Hudson County Community College Students Are First to Complete Nursing Degrees in New Jersey's Pay It Forward Program

Retrieved on: 
Monday, July 10, 2023
NJ, Computer security, Employment, College, Education, Information technology, RWJBarnabas Health, New Jersey Economic Development Authority, Economy, Camden County College, Hudson County Community College, Social finance, New Jersey Institute of Technology, HVAC, Student, Secretary of State of New Jersey, Patient, Forward, Outline of health sciences, Workforce development, Assessment, HCCC, Manager, Economic security, Family, Conference, Nursing

The Pay It Forward Program provides zero-interest, no-fee loans, non-repayable living stipends, access to emergency aid funds, and supportive services like mental health counseling for students.

Key Points: 
  • The Pay It Forward Program provides zero-interest, no-fee loans, non-repayable living stipends, access to emergency aid funds, and supportive services like mental health counseling for students.
  • Hudson County Community College is the first institution of higher education in New Jersey selected to participate in the health care segment of the Pay It Forward Program.
  • The Pay It Forward Program closely aligns with HCCC's overarching principles of dedication to diversity, equity and inclusion, and student success
    Nineteen HCCC Nursing Program students were among 100-plus students in the state selected as initial program participants.
  • In addition to the Nursing Program at HCCC, New Jersey's Pay It Forward Program serves HVAC and Welding students at Camden County College and Cybersecurity students at New Jersey Institute of Technology.

Freedom Bank Assists the City of Winchester and the Economic Development Authority of the City of Winchester, Virginia with Significant Revitalization Project

Retrieved on: 
Wednesday, June 21, 2023
Housing, City, Town square, New Jersey Economic Development Authority, Economic development, Retail

FAIRFAX, Va., June 21, 2023 /PRNewswire/ -- The Freedom Bank of Virginia ("Freedom Bank") announced today that it provided a total of $4 million in funding to the City of Winchester and the Economic Development Authority of the City of Winchester to revitalize the Ward Plaza shopping center which includes a mixed-use project with a 40,000-square-foot anchor tenant and a mix of homes and retail space. 

Key Points: 
  • "Freedom Bank was thrilled to provide the funding for this important project.
  • The new housing and retail space this project will bring to the Winchester area will undoubtedly provide immense opportunities and benefits for the community.
  • We are grateful for the trust the City of Winchester and the Economic Development Authority of the City of Winchester placed in Freedom and our bankers to assist with this highly anticipated project.
  • "Freedom Bank's staff enabled us to close on this very important project for the City of Winchester.

Syridex Bio Selected by NJEDA to Invest up to $5 Million in Early-Stage, New Jersey Life Science and Healthcare Companies

Retrieved on: 
Tuesday, May 23, 2023
Research, Finance, Professional Services, Small Business, Socially Responsible Investing, Health, General Health, Other Science, Science, Small business, Biotechnology, Health equity, New Jersey Economic Development Authority, NIO, Secretary of State of New Jersey, Local Investing Opportunity Network, Traction, Nios, Authority, Princeton University, Pharmaceutical industry

The Princeton-based firm was one of three firms named by the New Jersey Economic Development Authority (NJEDA) to receive capital from the State’s Life Science/Health Care Fund.

Key Points: 
  • The Princeton-based firm was one of three firms named by the New Jersey Economic Development Authority (NJEDA) to receive capital from the State’s Life Science/Health Care Fund.
  • Among the three investment managers selected, Syridex Bio is differentiated by a unique investment focus on health equity.
  • By leveraging venture creation and private equity strategies, Syridex finances the development of medical solutions that concretely advance health equity.
  • “Syridex Bio was founded with the fundamental belief that everyone deserves access to high quality health care.

Lisata Therapeutics Reports First Quarter 2023 Financial Results and Provides Business Update

Retrieved on: 
Tuesday, May 9, 2023
Transfer, Pancreatic cancer, Therapy, Conference call, Neoplasm, Medicines and Healthcare products Regulatory Agency, Glomerular filtration rate, New Jersey Economic Development Authority, Research, RNA, Immunotherapy, CD34, Trial of the century, Pharmaceuticals and Medical Devices Agency, Medication, Chemistry, Patient, PMDA, FREEDOM, Microcirculation, Kidney, CLI, DKD, Tumor microenvironment, Kidney disease, Disease, Pharmaceutical industry, Nursing, Conference

BASKING RIDGE, N. J., May 09, 2023 (GLOBE NEWSWIRE) -- Lisata Therapeutics, Inc. (Nasdaq: LSTA) (“Lisata” or the “Company”), a clinical-stage pharmaceutical company developing innovative therapies for the treatment of advanced solid tumors and other serious diseases, provides a business update and reports financial results for the three months ended March 31, 2023.

Key Points: 
  • Conference call scheduled for today at 4:30 p.m. Eastern time
    BASKING RIDGE, N. J., May 09, 2023 (GLOBE NEWSWIRE) -- Lisata Therapeutics, Inc. (Nasdaq: LSTA) (“Lisata” or the “Company”), a clinical-stage pharmaceutical company developing innovative therapies for the treatment of advanced solid tumors and other serious diseases, provides a business update and reports financial results for the three months ended March 31, 2023.
  • LSTA1 also has the potential to modify the tumor microenvironment, with the objective of making tumors more susceptible to immunotherapies.
  • The combination of LSTA1 with corresponding standards-of-care in other solid tumor indications is planned for clinical study commencing before the end of the second quarter of 2023.
  • Lisata will hold a live conference call today, May 9, 2023, at 4:30 p.m. Eastern time to discuss financial results, provide a business update and answer questions.

Provident Bank’s ProvidentWomen Hosts Helping Entrepreneurs Rise (H.E.R.) Conference, Strengthening Commitment to Empower Women in Business

Retrieved on: 
Wednesday, April 26, 2023
Partnership, Education, Central Jersey, New Jersey Economic Development Authority, Woman, Female, Provident Bank, Running, Entrepreneurship, Commerce, Economic development, Climate, Empowerment, Conference, Management

The Helping Entrepreneurs Rise (H.E.R.)

Key Points: 
  • The Helping Entrepreneurs Rise (H.E.R.)
  • Conference brought together inspiring female business leaders, local entrepreneurs and community partners for an informative morning of education, networking and empowerment.
  • The goal of the event was to provide resources for women and minority business owners through financial literacy and education, information on running and maintaining a thriving business and resources to support minority and female business owners.
  • “By partnering with these business organizations, ProvidentWomen continues to deliver on its promise to empower women and minority business owners through fostering a climate of diversity and inclusion,” said Stacey Kavanagh, First Vice President, Market Manager, Provident Bank.

New Jersey Opens Voucher Program with up to $218,750 Available for GreenPower All-Electric Vehicles

Retrieved on: 
Friday, April 21, 2023
Acceleration, BEAST, New Jersey Economic Development Authority, Green, Type, Interest, Ford F-Series (medium duty truck), Knowledge, Transport, Rail transport, Bookkeeping

These financial incentives will further the adoption of all-electric vehicles in New Jersey by helping fleets to transition to battery-electric vehicles.

Key Points: 
  • These financial incentives will further the adoption of all-electric vehicles in New Jersey by helping fleets to transition to battery-electric vehicles.
  • NJ ZIP is a $90 million voucher program launched by the New Jersey Economic Development Authority for medium and heavy-duty zero-emission vehicles.
  • GreenPower is an approved NJ ZIP manufacturer which allows GreenPower's New Jersey customers to order vehicles under the voucher program.
  • The EV Star platform includes a range of GreenPower passenger vehicles and cargo vehicles for mid and last-mile delivery needs.

Lisata Therapeutics Receives $2.2 Million of Non-Dilutive Capital Through New Jersey Technology Business Tax Certificate Transfer Program

Retrieved on: 
Thursday, April 20, 2023
Transfer, New Jersey Economic Development Authority, Therapy, Research, NOL, Pharmaceutical industry

The Program enables qualifying New Jersey-based biotechnology or technology companies to sell a percentage of their New Jersey net operating losses (“NOLs”) and research and development tax credits to unrelated qualifying corporations.

Key Points: 
  • The Program enables qualifying New Jersey-based biotechnology or technology companies to sell a percentage of their New Jersey net operating losses (“NOLs”) and research and development tax credits to unrelated qualifying corporations.
  • “We are delighted to once again be chosen to participate in the New Jersey NOL program, which allows us today to convert certain state operating losses into tangible working capital,” stated David J. Mazzo, Ph.D., Chief Executive Officer of Lisata.
  • “We appreciate the NJEDA’s ongoing support of the New Jersey biopharma community under this program, through which we have cumulatively received nearly $18 million of non-dilutive funding over the past four years.
  • This capital will be allocated towards further advancement of the Company’s clinical development programs.”